Macquarie Group completes acquisition
(8 January 2010 – USA) Macquarie Group has announced that it has completed the acquisition of Delaware Investments.
The deal that became effective on the 5th January, 2010, sees the business and employees of Delaware operating as part of Macquarie’s global asset management arm, Macquarie’s Funds Group.
The business, to remain based in Philadelphia, has been branded ‘Delaware Investments, a member of Macquarie Group’ and is part of the group’s strategy to develop a global asset management capability.
Macquarie plans to build a highly regarded team of investment professionals that offer a range of investment products and will endeavour to gain broader access to the world’s largest capital market, the United States.
The president of Delaware, Patrick Coyne, will remain in his position and will report to Ben Bruck, an executive director of Macquarie Funds Group and head of Macquarie’s Affiliated Managers Division.
Macquarie is excited to welcome Delaware's highly regarded investment, distribution and support teams, said Mr Bruck.
Mr Bruck also said that Delaware's diversified U.S. asset management capability is complementary to Macquarie's both in sector coverage and footprint. Clients in the U.S. and around the world will benefit from the increased scale and product offerings that come as a result of this transaction.
The business, to remain based in Philadelphia, has been branded ‘Delaware Investments, a member of Macquarie Group’ and is part of the group’s strategy to develop a global asset management capability.
Macquarie plans to build a highly regarded team of investment professionals that offer a range of investment products and will endeavour to gain broader access to the world’s largest capital market, the United States.
The president of Delaware, Patrick Coyne, will remain in his position and will report to Ben Bruck, an executive director of Macquarie Funds Group and head of Macquarie’s Affiliated Managers Division.
Macquarie is excited to welcome Delaware's highly regarded investment, distribution and support teams, said Mr Bruck.
Mr Bruck also said that Delaware's diversified U.S. asset management capability is complementary to Macquarie's both in sector coverage and footprint. Clients in the U.S. and around the world will benefit from the increased scale and product offerings that come as a result of this transaction.
Subscribe